Cryptocurrencies show recovery
After showing a correction to end last week, the cryptocurrency market showed a recovery over the weekend and added more gains over the past 24 hours, as 9 of the top 10 cryptos were in the green at the time of writing. Bitcoin was up more than 2%, climbing back towards the $5,200 mark. Of the top 10 cryptos, Bitcoin Cash showed the largest gains up by around 9%.
Today’s highlights: Big banks and Disney boost markets
- Bank earnings lift Wall Street: The SPX500, DJ30 and NSDQ100 all closed higher on Friday, after positive earnings reports from JPMorgan Chase and Wells Fargo gave markets a boost. On eToro, you can track and invest in the financial sector through TheBigBanks CopyPortfolio, which has registered gains of 7% so far in April.
- Disney leaps 11% on new streaming service: Media giant Disney unveiled its new Disney+ streaming service on Friday, resulting in its stock logging an 11% jump, notching a new all-time high. Netflix, now a direct rival of Disney in the streaming market, closed 4.5% lower. Several other stocks reached new all-time highs, including Microsoft, PayPal, Visa and Starbucks.
- US-Asia trade talks close to “final round”: US Secretary of Treasury Steven Mnuchin said on Saturday that the trade negotiations between the US and China are “close to the final round,” indicating that a trade deal could be near.
- UK Parliament is “very likely” to consider second referendum: British Finance Minister Phillip Hammond said on Friday that he believes the possibility of a second Brexit referendum will be put to a vote in parliament, according to Reuters. However, Hammond stressed that he believes a breakthrough in negotiations with the Labour party could bear fruit, en route to a new Brexit deal before the October 31st deadline.
Stocks earnings releases on 15/04/2019
Stocks earnings releases on 16/04/2019
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.
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15/04/2019 appeared first on eToro.